FTSE 100 was identified at around 8397.9 having recently rebounded of the support on the 1 hour data interval. Ultimately, the price action of the stock has formed a Channel Down pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 8435.6426 level.
Target: 8435.6426 Entry: 8397.9 Stop: 8361
The movement of USDJPY towards the support line of a Channel Down is yet another test of the line it reached numerous times in the past. This line test could
The movement of LTCUSD towards the resistance line of a Ascending Triangle is yet another test of the line it reached numerous times in the past. This line test could
Emerging Channel Up detected on DAX 40 – the pattern is an emerging one and has not yet broken through resistance, but the price is expected to move up over